Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.012%

Price spread now: Paradex against Aevo+0.471%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.471% dearer against Aevo than usual: you sell high and buy low (spread +0.471% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000PEPE-PERP	0.000005025	0.0480	pay 0.0060% / 1h	10m 09s	$142K	—	3x
Short	Paradex kPEPE-USD-PERP	0.000005049	0.0272	get 0.0272% / 8h	7h 10m	$6K	$16	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee ParadexbpOrdersPrice spread, now +0.471%Rate

Funding earned: −$43.59
Price spread: +0.471% → 0.000%: $47.1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.48
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Aevo: live order book, 63 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 63 min ago	273.02 bp	579.1 bp −$579	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_PEPEUSD	−0.0116%	1h	0.000005032	+0.145%	$3.9M	$14.3M	50x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000005050	+0.501%	$19K	$95	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	0.0000%	1h	0.000005029	+0.080%	$61K	$114K	25x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005040	+0.297%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005053	+0.557%	$59K	$120K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005040	+0.299%	$95.0M	$309.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005039	+0.279%	$161.8M	$68.8M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005041	+0.310%	$25.6M	$57.4M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005041	+0.308%	$44.8M	$154.8M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005026	+0.013%	$588K	$4.4M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005071	+0.917%	$53K	$381K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005037	+0.241%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000005032	+0.139%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000005047	+0.444%	$565K	$3.5M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0100%	8h	0.000005039	+0.283%	$2.4M	$6.8M	50x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005047	+0.444%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0195%	8h	0.000005042	+0.338%	$44.8M	$544.6M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0209%	1h	0.000005072	+0.935%	$105K	$750K	25x	as long as short
Paradex kPEPE-USD-PERPshort	+0.0272%	8h	0.000005049	+0.471%	$6K	$16	20x
Orderly PERP_1000PEPE_USDC	+0.0273%	8h	0.000005027	+0.040%	$31K	$14K	20x	as long as short
BloFin PEPE-USDT	+0.0315%	8h	0.000005031	+0.119%	$4.1M	$24.2M	75x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0368%	1h	0.000005033	+0.159%	$601K	$28.0M	50x	as long as short
BingX 1000PEPE-USDT	+0.0459%	8h	0.000005040	+0.302%	—	$257.6M	—	as long as short
Extended 1000PEPE-USD	+0.0472%	1h	0.000005031	+0.115%	$554K	$199K	25x	as long as short
Binance 1000PEPEUSDT	+0.0476%	8h	0.000005044	+0.376%	$139.9M	$1.12B	75x	as long as short
MEXC PEPE_USDT	+0.0476%	8h	0.000005036	+0.215%	$99.7M	$290.9M	300x	as long as short
Aevo 1000PEPE-PERPlong	+0.0480%	1h	0.000005025	long leg	$142K	—	3x
GMX PEPE/USD [ETH-USDC]	L +0.0493% / S −0.0454%	1h	0.000005000	−0.498%	$59K	—	100x	as long as short
Aster 1000PEPEUSDT	+0.0527%	8h	0.000005049	+0.480%	$1.5M	$7.5M	50x	as long as short
Lighter 1000PEPE	+0.0552%	1h	0.000005038	+0.259%	$661K	$6.9M	10x	as long as short
Nado kPEPE-PERP	+0.0552%	1h	0.000005052	+0.543%	$189K	$861K	10x	as long as short
01 Exchange kPEPEUSD	+0.0616%	1h	0.000005063	+0.756%	$1K	$2K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.0624%	1h	0.000005041	+0.318%	$95K	$601K	15x	as long as short
Injective PEPE/USDC PERP	+0.0636%	1h	0.000005043	+0.358%	$4K	$102K	12x	as long as short
Hyperliquid kPEPE	+0.2044%	1h	0.000005065	+0.796%	$56.4M	$132.3M	10x	as long as short